Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.

Appointment of Chief Human Resources Officer



Effective October 1, 2020, Liquidity Services, Inc. (the "Company") will promote
Novelette Murray, age 55, to Chief Human Resources Officer. Ms. Murray will be
responsible for all aspects of the Company's human resources department and be
responsible for aligning our talent with the Company's business strategy. Ms.
Murray will report to William P. Angrick, III, the Company's Chairman and Chief
Executive Officer.

Ms. Murray has 25 years of human resources experience. Since 2010, Ms. Murray
has been involved in the day-to-day operations of the Company's human resources
function. She began as the Director of Human Resources, was later promoted to
Sr. Director and currently serves as the Vice President, HR Operations. Prior to
her employment with the Company, Ms. Murray served as Senior Human Resources
Manager for the U.S. Concrete Pipe Division of Cemex, a global building
materials company, from 2006 to 2010. Prior to that, Ms. Murray was the Director
of Human Resources for Houston ENT, an otolaryngology physician group, from 2000
to 2006, and a Human Resources Associate at GE Healthcare, a manufacturer of
medical imaging equipment, from 1995 to 2000. Ms. Murray has a B.A. in
Organizational Communication from Rollins College and a M.B.A. from University
of Maryland University College.

Ms. Murray's base salary will be $280,000 and her target bonus percentage will
be 50% of her base salary. In connection with her appointment as Chief Human
Resources Officer, the Company's Board of Directors has approved a grant of
40,000 restricted stock units to Ms. Murray. Half of the restricted stock units
will vest, if at all, based on the Company's achievement of total shareholder
return ("TSR") milestones over a four year performance period. TSR is calculated
based on the change in the Company's stock price during the performance period.
The other half of the restricted stock units will vest over time, with 25%
vesting on October 1, 2021 and an additional 25% vesting on each of October 1,
2022, 2023 and 2024, subject to Ms. Murray's continued employment with the
Company.

There are no family relationships between Ms. Murray and any other director or
executive officer of the Company. The Company had no transactions, and has no
transaction proposed, in which Ms. Murray, or any member of her immediate
family, has a direct or indirect material interest.

Departure of Executive Officer



On September 16, 2020, Mr. Michael Lutz announced his intention to retire from
the Company. Mr. Lutz is stepping down from his position as Vice President,
Human Resources effective October 1, 2020 (the "Retirement Date") after which he
will serve as a senior advisor to the Company on a consulting basis. The Company
thanks Mr. Lutz for his many years of service and significant contributions to
the Company's development and wishes him well in his retirement.

Pursuant to the terms of his Employment Agreement and contingent upon Mr. Lutz
signing a general release, the Company will pay Mr. Lutz: (1) his base salary
through the Retirement Date and all other unpaid amounts, if any, to which he is
entitled as of the Retirement Date in connection with fringe benefits (e.g.,
accrued but unused paid time off); (2) reimbursement for business expenses
incurred through the Retirement Date in accordance with the Company's policies
and procedures; and (3) a lump-sum cash payment of $431,117, which is equal to
the sum of: (x) $287,411, Mr. Lutz's base salary, (y) $143,706, an amount equal
to Mr. Lutz's target bonus for annual incentive compensation; and (z) $1.00 in
additional consideration. The lump-sum cash payment will be reduced for
applicable taxes and withholdings.

Mr. Lutz may exercise his exercised and vested options to purchase Company common stock issued under the Company's 2006 Omnibus Long-Term Incentive Plan for the twelve-month period following his retirement on October 1, 2020.

Mr. Lutz will also remain subject to that certain Employment Agreement Regarding
Confidentiality, Intellectual Property, and Competitive Activities, made by and
between Mr. Lutz and the Company, dated as of March 15, 2012.

Item 7.01. Regulation FD Disclosure

On September 16, 2020, the Company issued a press release announcing the appointment of Ms. Murray as Chief Human Resources Officer and Mr. Lutz's retirement, each to be effective as of October 1, 2020. A copy of the press release is being furnished as Exhibit 99.1 hereto and is incorporated herein by reference.


The information in this Item 7.01 and the related Item 9.01, including the press
release furnished as Exhibit 99.1 hereto, is being furnished and shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that Section or
Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended, nor shall it
be deemed incorporated by reference into any of the Company's reports or filings
with the Securities and Exchange Commission, whether made before or after the
date hereof, except as expressly set forth by specific reference in such report
or filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

99.1 Press Release dated September 16, 2020 .


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



                                                                       LIQUIDITY SERVICES, INC.
                                                                             (Registrant)

Date: September 16, 2020                             By:         /s/ Mark A. Shaffer
                                                     Name:                                                         Mark A.
                                                                                                                   Shaffer
                                                     Title:                                                        Vice
                                                                                                                   President,
                                                                                                                   General
                                                                                                                   Counsel and
                                                                                                                   Corporate
                                                                                                                   Secretary




                                 Exhibit Index

Exhibit No.                         Description



     99.1           Press Release dated September 16, 2020  .



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